Professional articles and analysis on Chinese business law — private funds, capital markets, corporate governance and dispute resolution, written by Jiao Liang, partner at Beijing Zhongyin Law Firm.
2026.09.17 · Professional Articles · Private Funds
Jiao Liang's team recently completed a legal opinion project for the certification of a private fund manager's senior executive through recognition of work experience. This article sets out the main steps, the time required at each stage (about four weeks in total), the eligibility and integrity requirements, and the additional requirements for key management executives.
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2026.09.07 · Professional Articles · Private Funds
On 4 September 2026 the CSRC released the draft Measures for the Supervision and Administration of Private Fund Raising for public comment. This article compares the segregated fundraising account regime under the 2016 self-regulatory rules with the draft Measures, covering the scope of account functions, the supervision structure and — most importantly — the first introduction of administrative penalties for procedural violations.
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2026.06.11 · Professional Articles · Private Funds
A brief discussion of the linkage between commercial mediation and arbitration for one-stop dispute resolution.
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2026.03.23 · Professional Articles · Private Funds
Analysis of the Financial Law (Draft) as China's first fundamental financial law, covering its institutional design and market impact.
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2026.03.16 · Professional Articles · Private Funds
Key points from the AMAC draft rules on private fund information disclosure, introducing differentiated disclosure and high-concentration disclosure for the first time.
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2026.01.06 · Professional Articles · Private Funds
Highlights from the AMAC training on private fund manager legal opinions held on January 6, 2026.
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2022.08.26 · Capital Markets · Private Placement · Breach of Contract · Arbitration · Securities Law
Where a subscriber's default prevents the issuer from obtaining securities regulatory approval for a non-public offering, can the issuer claim breach of contract under a Conditional Subscription Agreement that has not yet taken effect? — A case study of a private placement dispute of an A-share listed company
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2022.06.02 · Professional Articles · Private Funds
Analysis of the significant changes to the private fund manager registration checklist, including the lowered threshold for equity private equity funds.
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2020.12.20 · Professional Articles · Private Funds
A team original article on discovering a counterfeit judgment published on the Supreme People's Court online judgment platform and the notarization taken to preserve evidence.
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2020.07.31 · Professional Articles · Private Funds
Reprinted analysis of the new expressions and policy signals from the July 30 Politburo meeting.
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2020.03.10 · Professional Articles · Private Funds
Visual guide to salary reduction, layoffs, contract performance and force majeure issues arising from the COVID-19 pandemic.
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2020.03.06 · Professional Articles · Private Funds
Discussion of why private fund lawyers need to understand financial statements and accounting in addition to legal skills.
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2020.03.02 · Professional Articles · Private Funds
A record of the AMAC returning feedback on a private fund manager registration application within one working day.
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2019.03.25 · Professional Articles · Private Funds
An important issue to note when acquiring an investment-type shell company for private fund manager registration.
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2018.10.09 · Professional Articles · Private Funds
Summary of recent feedback from equity private fund registration applications regarding off-site social security payment.
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2018.09.24 · Professional Articles · Private Funds
Summary of recent feedback regarding key management personnel's prior employment institutions in equity private fund registration.
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2018.08.19 · Professional Articles · Private Funds
Summary of recent feedback on ensuring independence when sharing front office premises in private fund manager registration.
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2018.08.06 · Professional Articles · Private Funds
Summary of feedback on capital contribution issues in private fund manager registration, including nominee shareholding and bank flow verification.
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2018.08.02 · Professional Articles · Private Funds
Summary of recent feedback questioning the purpose and reasonableness of related parties setting up multiple same-type private fund institutions.
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2018.07.30 · Professional Articles · Private Funds
Summary of recent feedback on major changes for securities private fund managers, including full licensing requirements.
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2018.07.27 · Professional Articles · Private Funds
Announcement of the latest private funds that were denied registration and the law firms involved.
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2018.07.24 · Professional Articles · Private Funds
Analysis of a case where a private fund manager fled, leaving the custodian bank (Shanghai Bank) to bear the consequences.
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2018.07.23 · Professional Articles · Private Funds
Summary of recent feedback on equity private fund registration applications.
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2018.07.21 · Professional Articles · Private Funds
Summary of recent feedback on securities private fund registration applications.
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2018.07.19 · Professional Articles · Private Funds
Summary of recent feedback on securities private fund registration, with key reference for natural person shareholders.
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2018.07.18 · Professional Articles · Private Funds
Analysis of whether a private fund product can change its fund manager after filing.
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2018.07.11 · Professional Articles · Private Funds
Summary of recent feedback on equity private fund registration, with key reference for state-owned controlling shareholders.
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2018.07.10 · Professional Articles · Private Funds
Summary of recent feedback on major changes for private fund managers.
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